Price trend

According to the data of the business club’s block list, the domestic POM market continued a positive trend in the first half of July, with the spot prices of various brands rising at a high level. As of July 16, the average offer price of the POM injection molding sample enterprises in the business community was about 17000 yuan / ton, up 4.72% from the average price level at the beginning of the month.

Cause analysis

POM upstream formaldehyde, enter July, Shandong formaldehyde Market High fell. The market of raw material methanol was slightly up, and the support for formaldehyde was acceptable. At present, affected by the rainy weather, the starting situation of plate factories in Shandong is general, the demand continues to be low, and the purchasing capacity is limited. At present, the atmosphere of Shandong formaldehyde trading market is relatively cold, the transaction is not good, the formaldehyde manufacturers are difficult to ship, and the focus of formaldehyde market is constantly moving down. It is expected that the price of formaldehyde in Shandong will fluctuate in the short term.

High upstream prices fell, POM cost side support weakened, and the main advantage in the first half of July was still supply side tightening. The delivery period of on-site orders is relatively extended, and the manufacturers mainly complete the prerequisite orders, while the on-site supply is gradually reduced. The inventory of traders decreased, the willingness to report high was clear, and some of them were reluctant to sell. Due to the impact of environmental protection policies such as short-term electricity, the industry load further reduced to 80%. The downstream enterprises still accept the passive follow-up replenishment due to the decrease of the source of goods when the cost pressure increases. The spot price of domestic POM is rising at a high level, and the reference price of Tianye Chemical M90 is about 16100 yuan / ton, with real order negotiation. Yuntianhua M90 ex factory reference price of 17900 yuan / ton, firm offer negotiation. The POM unit of Shenhua Ningmei coal works normally. The reference price of mc90 is about 17000 yuan / ton, with cash withdrawal. I heard that the on-site inquiry was much higher than the official price, and the price increased frequently.

Future forecast

Business analysts believe that: in early July, the trend of domestic POM market rose at a high level. The price of upstream formaldehyde has fallen, and the cost support of POM has been weakened. Market supply is in short supply, and the supply side has a strong positive effect on the market. On the demand side, the terminal enterprises follow up passively to maintain production, and the merchants have a positive attitude. The resumption of some production lines in the later stage may alleviate the supply, but the current shortage situation is deep, so it is expected that the POM market will still be strong in the short term.